Ken Sena runs a group within Wells Fargo Securities and recently introduced an artificially intelligent equity research analyst; the bot tracks stocks and put a sell rating on Facebook and Google, two of the top companies working on artificial intelligence; Sena provides his perspective on the new bot and where it might be falling short. Source
Over the past few weeks Robinhood has been in the news multiple times as their platform failed to hold up...
With the exception of those who reside in few states, users of Square’s Cash payments app can buy and sell bitcoin; users are limited to purchasing $10,000 in bitcoin per week; Square will not add fees to bitcoin transactions and uses the major exchanges to calculate prices. Source
The new feature is open to Premium and Metal customers at a time when the price of gold has recently...
Users in California, Massachusetts, Missouri, Montana and New Hampshire will now have access to trade bitcoin and ethereum commission free; Robinhood plans to open to most states by the middle of 2018; over 4 million people have signed up for accounts with Robinhood. Source
Buying and selling of cryptocurrencies may be available as soon as June, but the bank is still working on how it will store them; Goldman remains one of the few banks who are leading the charge when it comes to trading cryptocurrencies and it remains to be seen whether other banks will follow suit. Source
An article in Business Insider highlights a $96 billion hedge fund, Man Group; the firm initially held off on rolling out their AI powered trading bot out broadly until recently; by 2015 AI was contributing half of the profits to Man Group’s largest funds. Source
Credit Suisse and Instinet have recently started to settle US stock trades on a distributed ledger from Paxos Trust; this...
The new round puts a valuation on the company of $5.6 billion; they are now the second most valuable private...
Paradigm, a zero-fee liquidity network for crypto trading, launched one-click futures spread trading on FTX on Friday.